| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3828 Registered: 05-2011 Rating: N/A |
The bullish case consists of relief that the "big scary fed meeting" is out of the way now. Nevermind that it was probably a more hawkish shift than analysts were anticipating. It seems to have confronted a market that was overly cautious, overly hedged, and/or leaning short risk and long dollars. Now the way is open for a year-end short-crushing rally in stocks. The bearish case consists of awareness that the Omicron variant is going to be a further setback for global supply chains, putting the Fed in a position where it might have to speed up policy normalization in Q1 even as the economy struggles in a more clearly stagflationary context. And will the market begin to see around that corner ahead of year-end. At this point, I would say I am about 50/50 on this and eager to see more tape to tip me one way or the other. |